Bad Credit Agency

How can I get student loans with no credit and co-signers with bad credit?

I already applied for (and got) the Stafford loans, but they don't cover the cost of school. Me and my parents have applied to dozens of loan companies, with all being rejections. I don't really have anybody else who could cosign, so I don't know how to get the loans I need to go to school.

Public Comments

1. You could always slide down that pole.
2. Part of the problem might be that you have applied to "dozens of loan companies." Did you know that every time you apply for credit, your credit score drops? Wait a few months (during which time you give your credit report a rest) and then apply with a company that you choose CAREFULLY. Read their approval criteria before you click "apply" and don't apply for loans that you know you can't get. On to the specifics... Did your parents apply for a PLUS? Federal regs state that if a dependent student's parent is denied a PLUS loan, that student's school can (and should) award him/her additional Unsub. Stafford loan funding ($4,000 for Freshmen & Sophomores and $5,000 for other years). As for private loans... Try the loan product at www.campusdoor.com. They have been known to approve Freshmen with very brief credit histories AND no co-signer. If you don't have credit, start building some right away. There are credit cards out there designed for students or people looking to build credit. This could be all you need to get approved in a few months. I would strongly encourage you to read all of what BankRate has to say on this topic: http://www.bankrate.com/brm/green/cc/basics6-intro.asp For other companies who offer loan products with less-than-strict credit criteria, try Access Group & Wells Fargo.
3. Oter people, like yourself, have no credit or very poor credit, possibly even prior bankruptcy. You can still get student loans. Some banks will grant bankruptcy student loans. Before you apply check the student loan forbearance time. There are both government and non-government deferred student loans available that defer payments until the end of the school term and even some that defer until you graduate. You will need to know the policy on federal student loans to see if you are eligible.